SPS Commerce, Inc. (NASDAQ:SPSC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $220.25.

A number of research analysts have commented on the stock. Northland Securities cut shares of SPS Commerce from an “outperform” rating to a “market perform” rating and increased their price target for the company from $205.00 to $209.00 in a research report on Monday, July 29th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research report on Friday, August 2nd. DA Davidson increased their price objective on SPS Commerce from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their price objective on SPS Commerce from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Northland Capmk lowered SPS Commerce from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 29th.

SPS Commerce Trading Down 2.2 %

SPSC stock opened at $185.36 on Friday. SPS Commerce has a 1-year low of $151.96 and a 1-year high of $218.74. The company’s 50 day moving average is $195.53 and its 200 day moving average is $189.26. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 101.29 and a beta of 0.82.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. SPS Commerce had a net margin of 12.31% and a return on equity of 12.41%. The business had revenue of $153.60 million for the quarter, compared to analysts’ expectations of $151.87 million. During the same period last year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, sell-side analysts forecast that SPS Commerce will post 2.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Philip Soran sold 3,285 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the sale, the director now owns 18,852 shares of the company’s stock, valued at $3,771,531.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the sale, the director now owns 16,212 shares of the company’s stock, valued at $3,264,286.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip Soran sold 3,285 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $200.06, for a total value of $657,197.10. Following the completion of the sale, the director now directly owns 18,852 shares of the company’s stock, valued at approximately $3,771,531.12. The disclosure for this sale can be found here. Insiders sold 7,675 shares of company stock valued at $1,551,735 over the last quarter. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On SPS Commerce

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in SPS Commerce by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,347,206 shares of the software maker’s stock worth $803,798,000 after purchasing an additional 58,525 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in SPS Commerce by 2.4% in the second quarter. Conestoga Capital Advisors LLC now owns 1,227,411 shares of the software maker’s stock worth $230,950,000 after purchasing an additional 28,970 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in SPS Commerce by 1.5% in the first quarter. Congress Asset Management Co. MA now owns 843,310 shares of the software maker’s stock worth $155,928,000 after purchasing an additional 12,397 shares in the last quarter. William Blair Investment Management LLC raised its holdings in SPS Commerce by 2.9% in the first quarter. William Blair Investment Management LLC now owns 597,662 shares of the software maker’s stock worth $110,508,000 after purchasing an additional 17,012 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in SPS Commerce by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 497,355 shares of the software maker’s stock worth $93,583,000 after purchasing an additional 12,552 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.